Welcome to our comprehensive interview series – Humans of Blockchain™ where we get the best in the business to answer diverse questions.
This series will clear the air of doubt in the blockchain space today by focusing on bringing more transparency to the readers.
Our guest, today, Nikolay Shkilev, is one of the Top influencers in the Blockchain space, rated as the Top ICO/STO advisor by ICO Bench, is an Expert in Blockchain Technology and has a vast experience of advising innumerable ICOs.
Not wasting much time, let’s hear it out from Nikolay Shkilev himself.
1. We would love to know more about your journey from the entry to the top of the blockchain space.
Firstly, I am a businessperson with 20 years of experience of owning different types of businesses, ranging from FMCG, medicine, and logistics to IT technologies.
In parallel, I work as a mentor, advisor to help tens of projects worldwide in the area of the blockchain, ICO and STO. I began studying blockchain several years ago; it was something completely new to me, something novel and interesting. I understood that it was the future of our time, just like the Internet. 25-30 years ago, the Internet was neither understood nor accepted, and the ones who refused to use it have lost their businesses. We are currently witnessing an evolution in the form of blockchain.
2. What do you look for in a blockchain project when you decide to go for an advisory role?
I receive hundreds of offers every day, but I try to select only the most perspective projects where a strong team and the operating product are present, not just the idea and a website.
3. What ICOs are you advising at the moment?
4. The recent market crash has created a lot of fear in the space. What are your views about that?
I think that Blockchain and all crypto market will become normalized in 2019. Many innovative-sounding projects are still alive and even close to bearing fruit. Together with several large corporations’ plans to launch major blockchain-based projects this year, such as the Wall Street players: – New York Stock Exchange (NYSE) owner Intercontinental Exchange (ICE) – Investment giant Fidelity Etc.
Thus, 2019 is reportedly set to be the year that blockchain technology finally becomes stable and growing.
5. The Security token market is on the rise. How do you think they are different from regular securities?
I’m seeing now few tendencies: – Asset Backed Tokens – Security Token Offerings (STO) With full KYC verification and with anti-money laundering system (AML) – ICO 2.0 with the product at the start of ICO. Projects that try to raise funds without presenting any visual and interactive interface usually fail. Plus strong team and full transparency.
6. What do you see the year 2019 holding for blockchain projects?
As I told above I think that Blockchain and all crypto market will become normalized in 2019.
7. What shortcomings are there in the blockchain space? How can we overcome them?
I see big war now between ‘Regulation vs Decentralization‘. Nowadays all crypto world was divided into two sides, some for full regulation of the market, others ask to hold to the government hands off and against any regulation.
Pros: It will allow to bring order to this industry, will increase the responsibility, will attract more traditional investors, will reduce the number of scammers.
Cons: It will destroy the idea of a blockchain, a decentralization and will return everything to an old financial system with a total control where the small group of bankers operates everything, and politicians perform function as puppets. There will be no independence, anonymity and justice.
Pros: full independence, freedom, fast development of technologies, the world without borders, elimination of all intermediaries, leaving from an old financial system, an opportunity not to submit to anybody, an opportunity to become full and rich is absolute in any country, without restrictions.
Cons: Swindlers use it actively and because of it many people lost a lot of money and do not trust projects, cryptocurrencies and in general blockchain any more. Which side are you on? It’s only your choice.
8. What are your views regarding the adoption of the blockchain technology?
It will be everywhere. More, more and more.
9. Any last motivational words for the audience from your side Nikolay?
Never give up 🙂 And in my humble opinion, there cannot be an endless downfall, so it seems to me that an explosion and growth of cryptocurrencies is bound to happen.
In the near future, the trend will be stable coins, security tokens and asset-backed tokens, and in general, I think that more and more countries will legalize cryptocurrencies. This process cannot be stopped anymore.